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Canada to Open Its First Refinery in Decades Amid a Fuel Glut

  • Alberta’s Sturgeon refinery to begin producing by end of year
  • Fuel premium down by half in three years amid economic slump
North West Refining’s Sturgeon plant in 2016.

North West Refining’s Sturgeon plant in 2016.

Source: AP Photo

It seemed like a good idea at the time.

When Canada’s government decided to fund the nation’s first new refinery in three decades in 2012, a diesel shortage had just caused some truckers to be turned away from filling stations, and demand was climbing. Oil-sands producers were ramping up output and crude prices topped $100 a barrel.